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HomeBlogOla Electric IPO subscribed over 4x - Times of India

Ola Electric IPO subscribed over 4x – Times of India

MUMBAI: The Rs 6,146-crore IPO for Ola Electric Mobility was subscribed over four times when it closed on Tuesday, data from BSE showed. The employee portion of the IPO was subscribed the most, at almost 12 times. The retail portion was subscribed nearly 4 times and the non-institutional investors portion 2.4 times. The issue, at a price band of Rs 72-76 per share, opened for bidding on Aug 2.

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